What are banks obligated to do in a wire fraud case?
The obligations of the banks, if they see suspicious activity, really do vary based on the facts and circumstances which they observe. Obviously, something that may peak someone’s interest as to whether of not there’s a problem is a very different fact circumstance than clear convincing evidence that someone is stealing money out of an account. So it really is a factual analysis and the bank’s obligations differ, depending on the facts.
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